Consumers React as Discos Meter Price Rises by 28% Power distribution companies in Nigeria have announced an increase in the price for various electricity meter models, marking the second price hike in four months. Power consumers kicked against the development, describing it as “wicked”, considering the...

NDPHC to End Grid Collapse with 434MW Geregu Power Plant The Managing Director of the Niger Delta Power Holding Company (NDPHC), Jennifer Adeghije, has expressed commitment in ensuring stability in Nigeria’s power grid. Speaking during a tour of the Geregu Power II plant yesterday in Lokoja,...

Marketers Insist on Petrol Import, Charge Dangote  Three oil marketers, AYM Shafa Limited, A. A. Rano Limited, and Matrix Petroleum Services Limited, have asked the Federal High Court in Abuja to dismiss a suit filed by Dangote Petroleum Refinery and Petrochemicals. The marketers, in a joint...

CBN Approves Banks to Trade with Deposited FX The Central Bank of Nigeria has issued guidelines to banks on implementing the free foreign exchange deposit window announced by the Federal Government recently. The guidelines released by the CBN on Tuesday provided the modalities for the participation...

Tax Bills not Threat to Govt Agencies – FIRS Zacch Adedeji, Chairman of the Federal Inland Revenue Service, has dismissed concerns that the four tax bills currently before the National Assembly threaten the existence of any government revenue-generating agency or its operations. This was contained in...

Tinubu Approves Redesign of Abuja-Kaduna-Zaria-Kano Dual Carriageway In a significant move to improve road infrastructure and alleviate the struggles of commuters, President Bola Ahmed Tinubu has given the green light for the redesign of the remaining 127 kilometers of the Abuja-Kaduna-Zaria-Kano dual carriageway. The newly...